InsuranceDekho Owner Is Said to Plan $250 Million India IPO

Girnar Insurance Brokers Pvt., which operates insurance tech startup InsuranceDekho, is weighing an initial public offering in Mumbai that could raise as much as $250 million, according to people familiar with the matter.

The Gurugram-based insurance aggregator has held recent discussions with investment banks about a potential listing and is expected to appoint advisers in the coming weeks, the people said, asking not to be identified because the information is private. The IPO is likely to include a mix of new share issuance and secondary sales by existing investors, and could take place later this year, they said.